Hello from a sunny but cold Alabama. We have a beautiful day here although slightly on the chilly side with clear blue skies as the temperatures remain in the 30's. A nice day to sit near the window taking in the sun and reading a book while staying warm inside. I am beginning a new book called the "The Power of Less" and I will report back once I have completed the read. I have always been a fan of Maximize with the minimum. A motto I have tried to subscribe to in my business operations. In the trading world it is very important we maximize with the minimum. Many times our tools and indicators will say very little or nothing at all. We as humans will attempt to extract information out of them when there is nothing to extract. We forget there is certain randomness to the markets and there are times when there is nothing to game. Recently we mentioned the indicator McClellan Oscillator. Like another tool this indicator many times tells us nothing and at times speaks loudly. The McClellan Oscillator a market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE. It is primarily used for short and intermediate term trading. To calculate subtract a 39 day EMA (of advancing issues - declining issues) from a 19 day EMA (of advancing issues - declining issues). Friday this indicator hit the -300 level. (Depending on your data provider) We mentioned in Fridays NH_NL report that this has only occurred 8 times.